- Self-driving company Aurora Innovation ( NASDAQ: AUR ) jumped 18% after a report the company' CEO laid out potential scenarios for the company including a possible sale to Apple ( AAPL ) or Microsoft ( MSFT ).
- Aurora ( AUR ) CEO Chris Urmson, who co-founded the self driving firm after running Google's ( GOOGL ) self-driving car project, was outlining potential scenarios for the company due to worsening market conditions, according to a Bloomberg report, which cited a company memo.
- The CEO also outlined taking the company private, spinning off or selling assets or a small capital raise, Bloomberg reported, citing a memo from early last month.
- Aurora ( AUR ) confirmed the memo to Bloomberg and said the company is looking at ways to keep competitive in a tough market.
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Aurora Innovation soars 18% after CEO floats potential sale to Apple, Microsoft